Marubeni completed the acquisition of a 80% stake in HPL Motors.

Marubeni, a company operates a dealership business, completed the acquisition of a 80% stake in HPL Motors, a company operates used car specialty stores. Financial terms were not disclosed. Through this acquisition, Marubeni will expand its used car sales business on a UK-wide scale with its acquired know-how at its core, and by combining this with its existing dealership business, it aims to promote the evolution and transformation of the car sales business in the UK.